The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an overview of the country’s anti-fraud framework, reporting 1,300 fraudulently originated loans totaling KZT 2.1 billion since the start of 2026. This compares with 5,100 loans worth KZT 4.6 billion in 2025 and 8,700 worth KZT 20.3 billion in 2024. The agency attributed the decline to controls covering loan applications, customer identification, suspicious transactions, stolen funds and victim protection. More than 6.5 million people have activated the voluntary credit opt-out service, and financial institutions must write off loans issued while an opt-out is active. Online lending safeguards include cooling-off periods of at least eight or 24 hours depending on the amount and product, additional confirmation before disbursement, and in-person biometric checks for certain first-time borrowers. Institutions must also suspend interest, penalties and debt recovery when a borrower is formally recognized as a victim in a criminal case. In 2026, this protection has covered 6,200 loans totaling KZT 8.4 billion. The National Bank of Kazakhstan’s Anti-Fraud Center has recorded more than 180,000 incidents and enables institutions to identify and block suspicious transfers. Banks prevented nearly 163,000 fraudulent transactions exceeding KZT 68 billion from the start of 2025 through May 1, 2026, while transactions exceeding KZT 28.9 billion were stopped and blocked based on the center’s information. Since April 2026, banks have also been required to use risk-based session antifraud systems that analyze customer behavior in real time and apply controls ranging from additional verification to transaction blocking.

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